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Nearlyweds everywhere are tightening their belts

It may not be that shocking given the shape of our economy over the past couple of years, but it seems that couples are scrimping for their weddings much more than they were last year.

In the U.K., 69 percent of those planning a wedding said in a recent survey that they allocated themselves a budget of £10,000 or less, which is half of what an average wedding cost just last year, according to Tesco Bank. This is likely due to the fact that the majority of those surveyed are footing the bill themselves, and the amount of couples operating on daddy's budget dropped by as much as 7 percent in 2011.

Perhaps there was a delay between the day the world knew it was facing a recession and the day that couples' parents started to finally tighten their pursestrings, but given that couples are more on their own these days, we're sure there's an increased interest in saving money, even with the penumbra of the royal wedding hanging over us, inspiring a trend of lavish wedding accouterments.

One of the most effective ways for couples to cut corners is to shorten their guest lists, but if that simply will not do, opting for inexpensive wedding favors can help lessen the blow. Offering guests something small but pleasurable, such as personalized lip balm wedding favors or personalized mini glass candy jars, won't set you back more than a couple bucks a pop.